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Housing Starts Rise in July

August 10, 2010

US Housing starts rose 1.7% in July, which is actually lower than analysts had expected. It is also down 7% from last July. Starts of large apartment units increased a surprising 33%. This helps prove my point that rental markets are going to be very strong in the next few years. Credit has not loosened up, it is still hard to get qualified for a loan. Thus, many buyers are out of the market and are becoming renters. And lots of affordable housing projects are being initiated throughout the country.

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